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Real Estate Gym - Perth, March 2014

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Real Estate Gym - Perth, March 2014

  1. 1. Presented by Tom Panos General Manager, Sales – Real Estate www.tompanos.com.au
  2. 2. If you don’t find them, they will find you! Earn people’s attention.
  3. 3. Jab, jab, jab, hook
  4. 4. www.tompanos.com.au Be their agent before they need an agent
  5. 5. Which One Do You Want to be? UNFOCUSEDFOCUSED YOU YOU TITLE BUYERTOUR INSPECTION CALL BACK CMA TRAINING SHOWINGS VPA PROSPECT STAY IN TOUCH LIST SELL YOU Have Two Choices: Be FOCUSED or BE UNFOCUSED
  6. 6. Listing presentation begins at the open
  7. 7. PV – Chase List Address Name Phone
  8. 8. Hot Buyer List Name Phone No. Details
  9. 9. Property Address Sale Date Method of Sale Advertised Price Marketing Investment Print Upgrade Online Video Original Buyer Source Sale Price 40 Forrester Rd, Erskineville 04/11/13 Auction n/a 17,500    Newspaper 2,100,000 22 Main Dr, Newtown 15/11/13 Private Treaty 975,000 8,450    Internet 960,000 11 Winters St, Camperdown 28/11/13 Private Treaty 895,000 8,100    Signboard 883,000 18 Elizabeth St, Newtown 08/12/13 Private Treaty 980,000 11,000    Internet 980,000 2 Williams Rd Stanmore 12/12/13 Auction n/a 6,500    Internet 800,000 14 Euston St Alexandria 22/12/13 Private Treaty 1,050,000 9,300    Newspaper 1,040,000 Average 10, 141 1,127,167 Recent Sales
  10. 10. RP Data Media Maximiser – The Sunday Times Source: RP Data Feb 1st 2013 to Nov 30th 2013 RP Data Media Maximiser 58% 50% 0% 10% 20% 30% 40% 50% 60% 70% 80% 90% 100% ONLINE and PAPER ONLINE ONLY Success Rate 58 78 0 20 40 60 80 100 120 ONLINE and PAPER ONLINE ONLY Average DOM $520,709 $509,671 $504,000 $506,000 $508,000 $510,000 $512,000 $514,000 $516,000 $518,000 $520,000 $522,000 ONLINE and PAPER ONLINE ONLY Average Sale Price
  11. 11. RP Data Media Maximiser – The Sunday Times (Houses) Source: RP Data Feb 1st 2013 to Nov 30th 2013 RP Data Media Maximiser 63% 49% 0% 10% 20% 30% 40% 50% 60% 70% 80% 90% 100% ONLINE and PAPER ONLINE ONLY Success Rate 49 71 0 20 40 60 80 100 120 ONLINE and PAPER ONLINE ONLY Average DOM $605,218 $473,975 $0 $100,000 $200,000 $300,000 $400,000 $500,000 $600,000 $700,000 ONLINE and PAPER ONLINE ONLY Average Sale Price
  12. 12. RP Data Media Maximiser – The Sunday Times (Units) Source: RP Data Feb 1st 2013 to Nov 30th 2013 RP Data Media Maximiser 69% 61% 0% 10% 20% 30% 40% 50% 60% 70% 80% 90% 100% ONLINE and PAPER ONLINE ONLY Success Rate 50 82 0 20 40 60 80 100 120 ONLINE and PAPER ONLINE ONLY Average DOM $513,222 $506,622 $502,000 $504,000 $506,000 $508,000 $510,000 $512,000 $514,000 ONLINE and PAPER ONLINE ONLY Average Sale Price
  13. 13. • Can’t control the price but can control method of sale and marketing • Must go fishing in an ocean not in a pool • We know where 100% of the buyers come from – just don’t know where the best buyer will come from • Your marketing investment is equal to half a bid auction • Are you comfortable with not talking with 100% of the buyers • What’s more important to you the 3k marketing or the risk of underselling your property by 30k • You need to decide whether we whisper in the room or scream from the mountain tops Marketing Dialogue
  14. 14. • Your home’s value is dependent on 4 things • If we don’t use 100% of the resources, how will we know we have achieved 100% of the potential price • Just so I understand first buyer or best buyer? • Wolf on Wall Street analogy • Home is on the market in competition not in isolation • Active intellectual internet vs passive print • When you watch the news you notice the news reader • I don’t want a buyer saying it wasn’t meant to be • We are taking out insurance Marketing Dialogue
  15. 15. SCRIPTS & DIALOGUE “ART”
  16. 16. • It’s the process not the promise of a price • I can see the logic in meeting one extra agent… • We can debate price for hours today between ourselves but the main conversation about price must be with the new owner Listing Dialogue
  17. 17. • You won’t be buying this home in isolation with the owner but under competition – can I show you how to win? • Are you going to make a decision for your family based on the market or based on your life? • Thank you that price level has already been tested Buyer Dialogue
  18. 18. • Were you enquiring about this property in regards to buying it or comparing it to something you currently own • Are you researching, buying or selling • I have 2 buyers who are hot to trot should we quote yours Prospecting Dialogue
  19. 19. • When do you want me to start • When can I start work • Do you have a spare key or should I get one cut • When should we start bringing the buyers through Closing Dialogue
  20. 20. • 5am Club • 10 before 10 • Saturday afternoon call backs • Live independent of other peoples opinions • Audio Books/ Reading Books • Daily Exercise • Have courage embracing temporary incompetence • Never begin the day until finished in writing • Marketing agent vs transactional agent • 2014 Language – not expired dialogue • Daily Journal (Goals/challenges/gratitude) • Take Risks www.tompanos.com.au Life Transforming Rituals
  21. 21. In 23 years of Real Estate, I have come to the conclusion that training and coaching is EMPTY without ACTION and COURAGE. Temporary incompetence is a critical behaviour in growth
  22. 22. Podcasts
  23. 23. BOOK TODAY AND SAVE $300 Register using the discount code: REGYM tret.com.au

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